30-Year Fixed-Rate Mortgage Hits 10 Week Low

Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing the average 30-year fixed mortgage rate falling as the FOMC decided to leave short term rates unchanged.

News Facts

30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending September 29, 2016, down from last week when it averaged 3.48 percent. A year ago at this time, the 30-year FRM averaged 3.85 percent.

15-year FRM this week averaged 2.72 percent with an average 0.5 point, down from last week when it averaged 2.76 percent. A year ago at this time, the 15-year FRM averaged 3.07 percent.

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